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Jio Platforms stake buy | Here is a fact-box of all the seven deals

The deal adds to a pile of funds raised by Jio in recent months and comes on the same day Abu Dhabi-based Mubadala Investment Company invested Rs 9,093.60 crore into Jio Platforms for a 1.85 percent stake

June 06, 2020 / 12:03 AM IST

Silver Lake and its co-investors are set to invest another Rs 4,546.8 crore in Jio Platforms. This is the second investment by the private equity giant in Reliance Industries' digital unit in over a month.

With Silver Lake deal, Jio Platforms has raised Rs 92,202.15 crore in exchange for around 20 percent stake. The aggregate investment by Silver Lake is now Rs 10,202.55 crore for a 2.08 percent stake in Jio Platforms, which runs movie, news and music apps as well as the telecom enterprise Jio Infocomm.

Jio Platforms is the telecom unit of billionaire Mukesh Ambani's Reliance Industries (RIL).

This is Jio Platforms' seventh deal in six weeks, following investments from Facebook IncGeneral AtlanticSilver LakeVista Equity PartnersKKR and Mubadala Investment Company.

Also read: 5 key points to know about Mubadala-Reliance Jio deal


Here's a summary of the seven investments Jio Platforms has received recently:


Facebook-Jio deal

The California-based company invested $5.7 billion (Rs 43,574 crore) into Jio Platforms for a 9.9 percent stake in the company.

The transaction, announced on April 22, is the largest of the six investments. It was also Facebook's biggest bet since it acquired messaging platform WhatsApp in 2014.

The deal also made Facebook the largest minority shareholder in Jio Platforms.

Jio-Silver Lake deal

Silver Lake Partners acquired a 1.15 percent stake in Jio Platforms for Rs 5,655.75 crore ($750 million).

Jio-Vista deal

Vista Equity Partners bought a 2.32 percent stake in Jio Platforms for Rs 11,367 crore.

Jio-General Atlantic deal

Private equity firm General Atlantic picked up a 1.34 percent stake in Jio Platforms for 6,598.38 crore.

Jio-KKR deal

KKR acquired a 2.32 percent stake in Jio Platforms for Rs 11,367 crore, similar to the deal made with Vista Equity Partners.

Jio-Mubadala deal

The deal with the Abu Dhabi-based sovereign investor, announced on June 5, valued Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Facebook 's investment had valued Jio Platforms at a pre-money enterprise value of Rs 4.62 lakh crore ($65.95 billion).

Jio-Silver Lake deal 2.0

Silver Lake will invest an additional Rs 4,546.8 crore in Jio Platforms for 0.93 percent stake. The aggregate investment by Silver Lake is now Rs 10,202.55 crore for a 2.08 percent stake in Jio Platforms.

Disclaimer: Reliance Industries (RIL) is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd

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Moneycontrol News
first published: Jun 5, 2020 10:59 pm
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